Delinquency and default rates remain relatively stable, according to a recent Experian report. While that may be comforting news, …
WHY AUTO LENDERS ARE REPLACING HOME-GROWN LENDING SOFTWARE WITH CLOUD-BASED SOLUTIONS
With auto sales having peaked in 2017, lenders need every advantage to stay profitable. The industry is also adjusting …
CLOUD LOAN SOFTWARE, AWS, AND SAAS: LOS MUST-HAVES
If your loan origination software (LOS) runs on servers located in your facility, annual licensing and maintenance costs are increasing, …
AUTO LOAN STRAW BUYERS AND OTHER FRAUDSTERS
The most painful way to learn about auto loan straw buyers is to become their fraud victim. According to PointPredictive, …
EMPLOYMENT MISREPRESENTATION IN AUTO LOAN APPLICATIONS
It’s the last day of the month. The dealer’s numbers are good, but one more deal would make it a …
INCOME MISREPRESENTATION AND AUTO LOAN APPLICATION FRAUD
You’ve processed hundreds to thousands of auto loan applications this month. Some lending decisions were near-instantaneous—auto approval and auto declines—aided …
IT’S EASY TO MISREPRESENT INFORMATION ON AUTO LOAN APPLICATIONS
What percentage of the auto loan applications you received this month intentionally misrepresented information about the borrower, vehicle, or dealer? …
THE RISE OF FRAUD AND MISREPRESENTATION IN AUTO LOAN ORIGINATION
While fraud has always been a problem with auto loans, technology is making it easier to get a steal of …
HOW TO FIGHT AUTO LENDING FRAUD
Anti-theft technology has reduced the incidence of traditional auto theft. So thieves have shifted to auto lending fraud. If you …
HOW AUTO STRUCTURING CAPTURES MORE AUTO LOANS
In a competitive auto lending market, what gives you the greatest advantage in capturing more auto loans and growing your …
